Ozone is a powerful oxidizing allotropic form of oxygen. The medical ozone generator is designed to produce medical grade ozone. Medical ozone generator is used in pain therapy / management and in addition, applicable for chelation therapy along with Ethylenediamine tetraacetic acid (EDTA), toxicity removal, treatment of cancer and AIDS.
The global medical ozone generator market is estimated to be valued at US$ 115.9 million in 2021 and is expected to exhibit a CAGR of 5.8 % during the forecast period (2021-2028).
Figure 1.Global Medical Ozone Generator Market Share (%) in Terms of Value, By Type, 2021
Rising prevalence of cancer and other chronic diseases such as arthritis, wound healing, etc. is expected to drive the market growth during the forecast period.
Increasing prevalence of cancer and other chronic diseases is expected to drive the global medical ozone generator market growth over the forecast period. Ozone therapy helps to stop the growth of human cancer cells from breast, lung, and uterus by 40-90%. For instance, according to data published in World Health Organization in September 2021, stated that Cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020. The most common cancer cases in 2020 are breast (2.26 million cases), lung (2.21 million cases), colon and rectum (1.93 million cases), prostate (1.41 million cases), skin (non-melanoma) (1.20 million cases) and stomach (1.09 million cases).
|Base Year:||2020||Market Size in 2021:||US$ 115.9 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR:||5.8%||2028 Value Projection:||US$ 172.5 Mn|
Medozons Ltd., AQUAZONE SYSTEMS & ENGINEERING, Eltech Ozone, Chemtronics, AQUAPURE, MIO International Ozonytron, Herrmann Apparatebau, EVOZONE GmbH, Dr. J. Hänsler GmbH, Aquolab, APOZA Enterprise, W and H Dentalwerk Bürmoos, and Promolife
|Restraints & Challenges:||
Figure 2.Global Medical Ozone Generator Market Share (%), By Application, 2021
Increase in the number of people suffering from skin conditions is expected to drive the market growth during the forecast period.
Increase in the number of people suffering from skin conditions is anticipated to drive growth of the global medical ozone generator market over the forecast period. For instance, according to article published by Frontiers in 2020, the overall prevalence of acne among European aged 15–24 years was 57.8% (58.28% in males, 56.97% in females). Moreover, epidemiological survey of acne among undergraduates in the North East China showed that the total prevalence of acne among adolescents was 51.30% (52.74% in males, 49.65% in females)
Global Medical Ozone Generator Market– Impact of Coronavirus (COVID-19) Pandemic
The coronavirus (COVID 19) pandemic and lockdown in various countries across the globe have impacted the financial status of businesses in all sectors. Private healthcare sector is one of the sectors, which is majorly impacted by the COVID 19 pandemic. Coronavirus pandemic has negatively impacted the development, production, and supply of medical devices and also affected growth of the healthcare businesses of various companies across the globe, as COVID-19 pandemic has led to lockdown in several countries, globally. This lockdown has resulted in closure of industrial establishments, except manufacturing of essential commodities, and disruption in supply chain of the pharmaceuticals and kits for diagnostic and therapeutic use. Thus, COVID-19 pandemic has affected the economy in three main ways; 1) By directly affecting the production and demand; 2) By creating disruptions in distribution channels; and 3) By its financial impact on firms and financial markets. Supply chain and manufacturing activities in India, China, and the U.S. are disrupted due to global lockdown, while many countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of portable blue light therapy from one place to another
Global Medical Ozone Generator Market: Restraint
The major factors that hinder growth of the global medical ozone generator market include restrictions and a ban on the use of ozone and high operational and installation costs of ozone generators. For instance, the US Food and Drug Administration (FDA) issued a resolution in 2019, opposing the use of ozone as a medical treatment. According to US FDA ozone is a poisonous gas with no proven applications in supportive or preventive medicine
Major players operating in the global medical ozone generator market include Medozons Ltd., AQUAZONE SYSTEMS & ENGINEERING, Eltech Ozone, Chemtronics, AQUAPURE, MIO International Ozonytron, Herrmann Apparatebau, EVOZONE GmbH, Dr. J. Hänsler GmbH, Aquolab, APOZA Enterprise, W and H Dentalwerk Bürmoos, and Promolife
Ozone therapy is an alternative medical treatment that introduces ozone or ozonides to the human body. Ozone therapy consists of the introduction of ozone into the human body via various methods, usually involving its mixture with various gases and liquids before injection, with potential routes including the vagina, rectum, intramuscular, subcutaneously, or intravenously. The medical ozone generator produces medical-grade ozone for ozone therapy. The use of medical ozone reduces treatment time, lethality and grade of disability. Medical ozone is tried, tested, and trusted source for ozone therapy, which is in form of alternative to medicine that helps to increase the amount of oxygen in the human body through the introduction of ozone. Medical ozone generators are used for medical, pharmaceutical research & development labs. The sterilizing power of ozone is the strongest known element to be used against bacteria, micro-organisms, fungus and certain insect larvae and can therefore be used to eliminate or reduce the hazardous chemicals.
Rising prevalence of skin disease is estimated to drive growth of global medical ozone generator market over the forecast period. For instance, according to American Academy of Dermatology Association, it is estimated that acne is the most common skin condition in the U.S., affecting up to 50 million Americans annually. About 85% of people between the age 12 and 24 experience at least minor acne. Furthermore, according to the same source, skin cancer is the most common cancer in the U.S. It is estimated that more than 9,500 people in the U.S. are diagnosed with skin cancer every day.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.